You're confusing inflated USD value with real value. USD revenue is worth only as much as USD is worth, and USD is only worth something because you can trade with the world's largest industrial and trading nation with it.China is behind the U.S. economically. China simply lacks the technological and financial complexity existent in U.S. firms.
The U.S. economy is on a productivity boom, far from any “recession”.
China thinks hotlines are the U.S. trying to push everything right to China’s redline before de-escalating and thus wants to keep the U.S. guessing in a belief it would self-moderate the U.S.
I mean, the years of chaos at Huawei would run counter to that, but yes, broadly agreed, the U.S. & China are for the most part, large economies isolated from the rest of the world.
The real technological value of Huawei is Intel + NVIDIA + Apple + Cisco + Tesla, the real value of a $20k BYD EV is the same as a $50k American EV. Having an inflated currency can buy you a narrative, but without real economic power its going to be protectionism or anhiliation in any and all industries.